Growth Factors of Electronic Health Records (EHR) Market
The Electronic Health Records (EHR) market size was valued at USD 29.68 billion in 2023, and the market is now projected tgrow from USD 31 billion in 2024 tUSD 46.63 billion by 2032, exhibiting a CAGR of 5.2% during the forecast period of 2024-2032.
The usual effect of the COVID-19 pandemic on the Electronic Health Records (EHR) market growth was terrible. The reduced demand for software programs and implementation offerings among hospitals and clinics due tthe pandemic became one of the principal factors responsible for the decline of the marketplace in 2020. Most of the outstanding gamers inside the market witnessed a decline in their sales due tthe decreased calls for their solutions, as patient volumes had been low for the year.
Rising recognition concerning the various telehealth systems and gear amongst the general population, specifically during the COVID-19 pandemic, is a chief element anticipated tenhance the demand for EHR systems and answers and expand the Electronic Health Records (EHR) market share. The enterprise expansion is further boosted by the increasing consciousness of corporations tgrow the accessibility of these answers tthe majority of the population in each developed and rising country.
Additionally, the growing recognition of businesses tcombine AI-powered solutions inside the Electronic Health Records (EHR) structures because of the rising advantages is an essential fashion predicted tspur virtual transformation amongst healthcare organisations.
Comprehensive Analysis of Electronic Health Records (EHR) Market
The Electronic Health Records (EHR) market is segmented by product intinternet-primarily based and on-premise answers, with the net-based total segment dominating in 2023 because of benefits like scalability, performance, and price discount. By kind, the market consists of standalone and included structures, with the included section holding the most important proportion, driven by increasing adoption and the development of complete EHR answers. Regarding cease-users, the marketplace is categorised intdoctor workplaces, hospitals, and others, with hospitals leading in 2023 because of the growing variety of hospitals and their recognition of infrastructure and service growth. The on-premise section and standalone structures are experiencing a slower boom but stay big in smaller healthcare centres.
North America ruled the marketplace with a revenue of USD 13.88 billion in 2023. The growing adoption of EHR structures amongst hospitals and clinics in the U.S. And Canada, in conjunction with developing strategic collaborations amongst groups and healthcare providers, are a number of the prominent factors favouring the nearby growth.
The Electronic Health Records (EHR) market includes key gamers together with Epic Systems Corporation (U.S.), Veradigm LLC (U.S.), Oracle (U.S.), eClinicalWorks (U.S.), Athenahealth (U.S.), NextGen Healthcare (U.S.), Medical Information Technology, Inc. (U.S.), and Kareo, Inc. (U.S.), each contributing significantly tthe improvement and implementation of innovative healthcare IT answers.
In June 2024 – Medical Information Technology Inc. Launched its newly designed Patient and Consumer Health Portal, a cloud-based enhancement timprove accessibility and ease of deployment.
Segmentation Table
Global Electronic Health Records (EHR) Market Scope
Study Period 2019-2032
Base Year 2023
Forecast Period 2024-2032
Growth Rate CAGR of 5.2% from 2024-2032
Historical Period 2019-2022
Unit Value (USD Billion)
Segmentation By product, Type, End-User, and Region
By product
Web-based
On-premise
By Type
Standalone
Integrate
By End-User
Physician Offices
Hospitals
Others
By Region
North America (By Product, Type, End-User, and Country)
- U.S.
- Canada
Europe (By Product, Type, End-User, and Country/Sub-region)
- U.K.
- Germany
- France
- Italy
- Spain
- Scandinavia
- Rest of Europe
Asia Pacific (By Product, Type, End-User, and Country/Sub-region)
- China
- India
- Japan
- Australia
- Southeast Asia
- Rest of Asia Pacific
Latin America (By Product, Type, End-User, and Country/Sub-region)
- Brazil
- Mexico
- Rest of Latin America
Middle East & Africa (By Product, Type, End-User, and Country/Sub-region)
- GCC
- South Africa
- Rest of the Middle East & Africa
- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
- 3.4. Market Trends
- 4. Key Insights
- 4.1. Technological Developments in the Electronic Health Records (EHR)
- 4.2. Key Industry Trends
- 4.3. Regulatory & Reimbursement Scenario, By Key Countries/Regions
- 4.4. New Product Launches, By Key Players
- 4.5. Key Industry Developments- Mergers, Acquisitions and Partnerships
- 4.6. Impact of COVID-19 on Global Electronic Health Records Market
- 5. Global Electronic Health Records (EHR) Market Analysis, Insights and Forecast, 2019-2032
- 5.1. Market Analysis, Insights and Forecast – By Product
- 5.1.1. Web-based
- 5.1.2. On-premise
- 5.2. Market Analysis, Insights and Forecast – By Type
- 5.2.1. Standalone
- 5.2.2. Integrated
- 5.3. Market Analysis, Insights and Forecast – By End User
- 5.3.1. Physician Offices
- 5.3.2. Hospitals
- 5.3.3. Others
- 5.4. Market Analysis, Insights and Forecast – By Region
- 5.4.1. North America
- 5.4.2. Europe
- 5.4.3. Asia Pacific
- 5.4.4. Latin America
- 5.4.5. Middle East & Africa
- 6. North America Electronic Health Records (EHR) Market Analysis, Insights and Forecast, 2019-2032
- 6.1. Market Analysis, Insights and Forecast – By Product
- 6.1.1. Web-based
- 6.1.2. On-premise
- 6.2. Market Analysis, Insights and Forecast – By Type
- 6.2.1. Standalone
- 6.2.2. Integrated
- 6.3. Market Analysis, Insights and Forecast – By End User
- 6.3.1. Physician Offices
- 6.3.2. Hospitals
- 6.3.3. Others
- 6.4. Market Analysis, Insights and Forecast – By Country
- 6.4.1. U.S.
- 6.4.2. Canada
- 7. Europe Electronic Health Records (EHR) Market Analysis, Insights and Forecast, 2019-2032
- 7.1. Market Analysis, Insights and Forecast – By Product
- 7.1.1. Web-based
- 7.1.2. On-premise
- 7.2. Market Analysis, Insights and Forecast – By Type
- 7.2.1. Standalone
- 7.2.2. Integrated
- 7.3. Market Analysis, Insights and Forecast – By End User
- 7.3.1. Physician Offices
- 7.3.2. Hospitals
- 7.3.3. Others
- 7.4. Market Analysis, Insights and Forecast – By Country/ Sub-region
- 7.4.1. U.K
- 7.4.2. Germany
- 7.4.3. France
- 7.4.4. Spain
- 7.4.5. Italy
- 7.4.6. Scandinavia
- 7.4.7. Rest of Europe
- 8. Asia Pacific Electronic Health Records (EHR) Market Analysis, Insights and Forecast, 2019-2032
- 8.1. Market Analysis, Insights and Forecast – By Product
- 8.1.1. Web-based
- 8.1.2. On-premise
- 8.2. Market Analysis, Insights and Forecast – By Type
- 8.2.1. Standalone
- 8.2.2. Integrated
- 8.3. Market Analysis, Insights and Forecast – By End User
- 8.3.1. Physician Offices
- 8.3.2. Hospitals
- 8.3.3. Others
- 8.4. Market Analysis, Insights and Forecast – By Country/ Sub-region
- 8.4.1. Japan
- 8.4.2. China
- 8.4.3. India
- 8.4.4. Australia
- 8.4.5. Southeast Asia
- 8.4.6. Rest of Asia Pacific
- 9. Latin America Electronic Health Records (EHR) Market Analysis, Insights and Forecast, 2019-2032
- 9.1. Market Analysis, Insights and Forecast – By Product
- 9.1.1. Web-based
- 9.1.2. On-premise
- 9.2. Market Analysis, Insights and Forecast – By Type
- 9.2.1. Standalone
- 9.2.2. Integrated
- 9.3. Market Analysis, Insights and Forecast – By End User
- 9.3.1. Physician Offices
- 9.3.2. Hospitals
- 9.3.3. Others
- 9.4. Market Analysis, Insights and Forecast – By Country/ Sub-region
- 9.4.1. Brazil
- 9.4.2. Mexico
- 9.4.3. Rest of Latin America
- 10. Middle East & Africa Electronic Health Records (EHR) Market Analysis, Insights and Forecast, 2019-2032
- 10.1. Market Analysis, Insights and Forecast – By Product
- 10.1.1. Web-based
- 10.1.2. On-premise
- 10.2. Market Analysis, Insights and Forecast – By Type
- 10.2.1. Standalone
- 10.2.2. Integrated
- 10.3. Market Analysis, Insights and Forecast – By End User
- 10.3.1. Physician Offices
- 10.3.2. Hospitals
- 10.3.3. Others
- 10.4. Market Analysis, Insights and Forecast – By Country / Sub-region
- 10.4.1. GCC
- 10.4.2. South Africa
- 10.4.3. Rest of Middle East & Africa
- 11. Competitive Analysis
- 11.1. Global Market Share Analysis (2023)
- 11.2. Company Profiles
- 11.2.1. Epic Systems Corporation
- 11.2.1.1. Overview
- 11.2.1.2. Products
- 11.2.1.3. SWOT Analysis
- 11.2.1.4. Recent Developments
- 11.2.1.5. Strategies
- 11.2.1.6. Financials (Based on Availability)
- 11.2.2. Veradigm LLC
- 11.2.2.1. Overview
- 11.2.2.2. Products
- 11.2.2.3. SWOT Analysis
- 11.2.2.4. Recent Developments
- 11.2.2.5. Strategies
- 11.2.2.6. Financials (Based on Availability)
- 11.2.3. Oracle
- 11.2.3.1. Overview
- 11.2.3.2. Products
- 11.2.3.3. SWOT Analysis
- 11.2.3.4. Recent Developments
- 11.2.3.5. Strategies
- 11.2.3.6. Financials (Based on Availability)
- 11.2.4. eClinicalWorks
- 11.2.4.1. Overview
- 11.2.4.2. Products
- 11.2.4.3. SWOT Analysis
- 11.2.4.4. Recent Developments
- 11.2.4.5. Strategies
- 11.2.4.6. Financials (Based on Availability)
- 11.2.5. Athenahealth
- 11.2.5.1. Overview
- 11.2.5.2. Products
- 11.2.5.3. SWOT Analysis
- 11.2.5.4. Recent Developments
- 11.2.5.5. Strategies
- 11.2.5.6. Financials (Based on Availability)
- 11.2.6. NextGen Healthcare
- 11.2.6.1. Overview
- 11.2.6.2. Products
- 11.2.6.3. SWOT Analysis
- 11.2.6.4. Recent Developments
- 11.2.6.5. Strategies
- 11.2.6.6. Financials (Based on Availability)
- 11.2.7. Medical Information Technology
- 11.2.7.1. Overview
- 11.2.7.2. Products
- 11.2.7.3. SWOT Analysis
- 11.2.7.4. Recent Developments
- 11.2.7.5. Strategies
- 11.2.7.6. Financials (Based on Availability)
- 11.2.8. Kareo, Inc.
- 11.2.8.1. Overview
- 11.2.8.2. Products
- 11.2.8.3. SWOT Analysis
- 11.2.8.4. Recent Developments
- 11.2.8.5. Strategies
- 11.2.8.6. Financials (Based on Availability) "
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